The Theory of Price Uncertainty, Production, and Profit

Clement Allan Tisdell (Autor)

Buch | Softcover

208 Seiten

2015
Princeton University Press (Verlag)
978-0-691-62222-4 (ISBN)

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Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

*Frontmatter, pg. i*Preface, pg. vii*Contents, pg. ix*CHAPTER I. Introduction and Outline, pg. 1*CHAPTER II. Some Theories of Decision-Making, pg. 14*CHAPTER III. Static Production Decisions, pg. 42*CHAPTER IV. Static Plans and Dissimilar Production Combinations, pg. 67*CHAPTER V. Some Influences of Price Uncertainty and Price Instability Upon the Firm's Average Profit, pg. 83*APPENDIX TO CHAPTER V. Average Profit and a General Cost Model, pg. 103*CHAPTER VI. Flexibility, Average Profit, and Technique Choice, pg. 106*CHAPTER VII. Dynamic Decision-Making, Average Profit, and Technique Choice, pg. 123*CHAPTER VIII. Price Uncertainty and Industry Profit, pg. 138*CHAPTER IX. Errors, Aggregate Output, and Forward Prices, pg. 151*CHAPTER X. On Dynamic Strands and Other Aspects of the Analysis, pg. 172*APPENDIX I. A Brief Note on the Introduction of Inventories into the Analysis, pg. 184*Bibliography, pg. 190*Index, pg. 195

Erscheinungsdatum	31.01.2016
Reihe/Serie	Princeton Legacy Library
Verlagsort	New Jersey
Sprache	englisch
Maße	152 x 235 mm
Gewicht	28 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Logistik / Produktion
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	0-691-62222-1 / 0691622221
ISBN-13	978-0-691-62222-4 / 9780691622224
Zustand	Neuware